If a real estate deal sounds too good to be true, it probably is. If you are buying or selling a house, you must be careful to distinguish legitimate mortgage services in Davie from scammers. Many bogus firms are looking to take advantage of homebuyers and homeowners.
Do your homework before paying for mortgage services in Davie
These days, mortgage fraud schemes are popular, and criminals are brazen. Recent real estate price increases have made mortgage fraud that much more lucrative to criminals.
There’s a long list of mortgage fraud perpetrators that includes licensed/registered and non-licensed/registered mortgage brokers, lenders appraisers, underwriters, accountants, real estate agents, settlement attorneys, land developers, investors, builders, bank account representatives, and trust account representatives. Anyone can be a target, either online or in person.
Popular mortgage fraud scams include loan origination, foreclosure rescue, real estate investment, equity skimming, short sale, illegal property flipping, title/escrow/settlement fraud, commercial loans, and builder bailout schemes. Home equity lines of credit, reverse mortgage fraud, and loan modification are also of rising concern.
Scammers also prey on desperate homeowners by offering them simple solutions to their mortgage problems.
Criminals may also use technology to commit fraud during a legitimate transaction, by unlawfully gaining access to your e-mail or bank accounts. Using that information, perpetrators can assume the identity of a buyer, seller, investor, or title agency personnel to redirect funds into bank accounts under criminal control.
Let trusted mortgage service experts protect you from fraud
Be suspicious of any mortgage companies that approach you out of the blue with cold calls or door-to-door visits. Report any emails or phone calls you receive that asks for your financial information or directs to you an alternative payment option to your actual lender.
Ace Mortgage Loan Corporation provides quality mortgage services in Davie and throughout Broward and Palm Beach Counties. If buying or refinancing your home seems daunting, you want someone on your side which you can trust. Call us today at 954-777-4774.